James Wynn’s PEPE Bet
James Wynn , also known as “moonpig” on Hyperliquid, has made headlines again after shifting from high-stakes Bitcoin trades to memecoin speculation. Over the weekend, Wynn exited his $1.2 billion long position on Bitcoin , taking a $17.5 million loss , only to quickly flip and open a $1 billion short position with 40x leverage . This aggressive move briefly earned him $3 million in profit before he closed the trade and announced his retirement from perpetual trading. Not stopping there, Wynn entered a $1 million leveraged long on PEPE , the popular memecoin, betting 10x and quickly gaining $500,000 as the token jumped nearly 6% in European trading hours. Wynn claims he’s ending his run after turning a $3–4 million wallet into $25 million , despite once being up as much as $87 million. In a final post on X, he quipped: “Now decided to leave the casino with my $25,000,000 profit… it’s time for me to walk away a wynner.”
Source: Read more about Best Crypto Casinos
Published: May 26, 2025
